Fiscal rules Study guides, Revision notes & Summaries

***Define planning Correct Answer-Determine philosophy, goals, objectives, policies, procedures, and rules. Ex.) determining budgets ***Define organizing Correct Answer-Establishing the structure to carry out plan determining the most appropriate type of patient care delivery and grouping, meeting unit goals Other functions involve working within the structure of the organization and understanding and using power and authority appropriately. ***Define staffing Correct Answer-Recruiting, ...

budgeting correct answers the allocation of scarce resources among competing demands allotment correct answers controls the rate of spending authorized by an appropriation allocation correct answers controls specific use of the monies appropriated cash basis accounting correct answers income is not counted until cash (or check) is actually received, and expenses are not counted until they are actually paid. accrual basis accounting correct answers Transactions are recognized at the t...

budgeting - ANSWER-the allocation of scarce resources among competing demands allotment - ANSWER-controls the rate of spending authorized by an appropriation allocation - ANSWER-controls specific use of the monies appropriated cash basis accounting - ANSWER-income is not counted until cash (or check) is actually received, and expenses are not counted until they are actually paid. accrual basis accounting - ANSWER-Transactions are recognized at the time they are incurred, as opposed t...

When people rely on mental shortcuts to reach a conclusion or make a decision, they often fail to take into account how common a behaviour or characteristic is in general. This kind of information is called the __________ by psychological scientists. a) schematome b) base rate c) ground level d) prototype - Answer b) base rate Humans have developed strategies that keep our decision-making to a manageable minimum by relying on "fast and frugal" thinking. This kind of frugality is mor...

ACH applications requiring the Originator to use a MICR reading device to capture the Receiver's banking information from the MICR line of the source document. - correct answer - 1. Point of Purchase (POP) (2) Accounts Receivable (ARC) Entries (3) Back office conversion (BOC) Entries Implements the Expedited Funds Availability Act of 1987 - correct answer - Reg CC The amount of time Depository Financial Institutions must retain all ACH records - correct answer - 6 years Commercial whol...

CMFO Exam - Theory & Statutes Verified Questions And Answers 100% Correct Quiz What are the four divisions of the Department of Community Affairs? 1. Division of Housing & Community Resources 2. Division of Codes & Standards 3. Division of Fire Safety 4. Division of Local Government Services What is the primary purpose of the Division of Local Government Services? - to maintain the financial integrity & solvency of all local government units (municipalities, authorities, special distric...

AAPC ICD10 Physician Coding for CPC Preparation (All Exams QUESTIONS AND ANSWERS GRADED A LATEST VERSIONS) with rationale Review Test Submissio n: Chapter 1 Quiz • Question 1 10 out of 10 points What document is referenced to when looking for potential problem areas identified by the government indicating scrutiny of the services within the coming year? Selected Answer: Correct Answer: Response Feedback: c. OIG Work Plan c. OIG Work Plan Rationale: Twice a year, the O...

Wall Street Prep: Accounting Crash Course Latest 2023 Graded A+ What is Accounting? Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. Why is Accounting Important? Enable...

IPMA-HR Module 1 Questions and Answers 100% Correct IPMA-HR Module 1 Questions and Answers 100% Correct IPMA-HR Module 1 Questions and Answers 100% Correct IPMA-HR Module 1 Questions and Answers 100% Correct IPMA-HR Module 1 Questions and Answers 100% Correct IPMA-HR Module 1 Questions and Answers 100% Correct Transitional Leadership - ANSWER-Mayors, County Executives, and Governors are elected for specific and generally limited terms, usually due to voter approval or agreement with their stat...

What is Accounting? Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. Assessing a company's financial performance is important for: The firm's officers (managers and employees) Investors Lenders General public Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. Why is Accounting Important? Enables managers to make corporate decisions Enables the gen...